Bladex leads another loan for Favorita

Bladex leads another loan for Favorita

Loans Debt International Financial Institutions Ecuador Panama Central America Caribbean

Panama City-based trade finance lender Banco Latinoamericano de Comercio Exterior, or Bladex, said Tuesday that it arranged a $130 million loan for Ecuador's Favorita Fruit, the company's fourth syndicated facility since 2015. Bladex led 11 other lenders from Central America and the Caribbean in the seven-year loan, including many that had not lent money to Favorita previously, the bank said in a press release. Favorita will use the loan to fund investments and pay down debt, Bladex added. Blade

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